• Alliance Automation acquired, expected to contribute $60m annual revenues
• Net Cash increased from $2.3m to $11.6m
• Revenue increased to $46.1m, EBITDA up to $4.0m
• Work in hand grown by over 75% to $71m, Opportunity pipeline up over 50% to $203m

Verbrec Ltd has reported its H1 FY2026 results, highlighting several key achievements. The company has acquired Alliance Automation, which is expected to contribute $60m in annual revenues to the group. Net cash has increased from $2.3 million in H1 FY2025 to $11.6 million in H1 FY2026. Revenue increased to $46.1 million on a continuing operations basis, up from $38.9 million in the prior corresponding period. EBITDA also grew to $4.0 million on a continuing operations basis, up from $1.7 million in the prior corresponding period. The company's work in hand has grown by over 75% to $71 million (H1 FY2025: $40 million), and the opportunity pipeline has grown by over 50% to $203 million (H1 FY2025: $131 million). The acquisition of Alliance Automation is expected to provide Verbrec with additional capabilities in digital transformation, Industry 4.0, software-defined automation, cyber security, and artificial intelligence, which are high-growth sectors. The combined group also has opportunities to expand revenues through cross-selling to a common client base and achieve cost synergies through geographic expansion. Verbrec aims to increase revenues, enhance project delivery, and reduce the cost of goods sold to bring the combined group's EBITDA margin to 8.0% - 10.0%.

Verbrec has provided the following guidance for FY2026: - Revenue range estimate (continuing operations): $110m - $120m - EBITDA margin range estimate (continuing operations): 8% - 10%

Verbrec's growth strategy includes organic growth through cross-selling, untapped geographic expansion, and industry tailwinds, as well as capability expansion through partnerships, strategic recruitment, and employee upskilling. The company also plans to pursue strategic acquisitions for geographic expansion, bolt-on capabilities, and technological capability expansion.